Three White Soldiers

The Three White Soldiers is a bullish reversal pattern consisting of three long bullish (white or green) candlesticks that appear consecutively on a price chart. This pattern suggests strong buying pressure and indicates that the market is likely to continue moving upwards.

Each candlestick in the pattern should open within the previous candle's real body, and the pattern will be more reliable if each candlestick's closing price is higher than the previous one. The Three White Soldiers pattern usually appears after a downtrend and can indicate that buyers have taken control of the market, pushing prices higher.

Traders often consider the Three White Soldiers pattern as a signal to buy, either immediately after the pattern forms or after confirmation with other technical indicators. However, it's essential to keep in mind that no trading pattern is 100% reliable, and traders should use proper risk management strategies to minimize potential losses.